Subsidiary-Specific Budget Reports

In NetSuite OneWorld financial statements, you can choose to display standalone data for a single subsidiary or consolidated data for multiple related subsidiaries. (See Subsidiary Context for a Financial Statement.) In financial statements used for budgeting purposes, you also can choose whether to display actual and budget amounts in a selected subsidiary's local currency or in a parent subsidiary's currency.

For example, if your European subsidiary is a child of your U.K. subsidiary, which is a child of the root-parent U.S. subsidiary, you can choose to run a budget report for the European subsidiary in euros, pounds, or U.S. dollars.

To run budget reports with meaningful data in local subsidiaries' currencies, your account must meet the following prerequisites:

Multiple Currencies and Multiple Budgets features must be enabled.
At least one budget category must be set up with a local budget type.
Consolidated Exchange Rates and Budget Exchange Rates tables must be populated.
Budgets for the local subsidiaries must be set up.

For information about setting up these prerequisites, see Subsidiary Budgets in OneWorld.

NetSuite financial statements include the following reports specifically designed for budgeting purposes: Budget Income Statement, Budget Income Statement Detail, and Budget vs. Actual. In addition, you can add budget columns to any other financial statement to use it for budgeting purposes. Use the Budget Category, Subsidiary Context, or Subsidiary lists in the footer of the report results to indicate the currency to use for displayed amounts. For details, see the following topics:

Note:

Because budgets are set up by period, budget data is not displayed in reports if the Report by Period preference is set to Never. If your report's budget columns are displaying zeros, go to Home > Set Preferences, and on the Analytics subtab, set the Report by Period preference to All Reports or to Financials Only.

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